AllianceBernstein Income Fund Releases Monthly Portfolio Update

Jun 29, 2010, 16:06 ET from AllianceBernstein Income Fund, Inc.

NEW YORK, June 29 /PRNewswire-FirstCall/ -- AllianceBernstein Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of May 31, 2010.

    
    
                   AllianceBernstein Income Fund, Inc.
    
          Top 10 Fixed-Income Holdings                      Portfolio %
    
                                                                
        1)U.S. Treasury Notes 1.375%, 9/15/12 - 10/15/12       8.71%
        2)U.S. Treasury STRIPS Zero Coupon, 5/15/17            7.10%
        3)U.S. Treasury Notes 3.625%, 2/15/20                  7.08%
        4)U.S. Treasury Notes 1.75%, 8/15/12                   6.82%
        5)U.S. Treasury Notes 4.50%, 11/15/15 - 2/15/16        5.53%
        6)U.S. Treasury Notes 4.25%, 8/15/15                   5.42%
        7)U.S. Treasury Notes 3.125%, 8/31/13                  4.83%
        8)U.S. Treasury Notes 2.625%, 2/29/16 - 4/30/16        4.76%
        9)U.S. Treasury STRIPS Zero Coupon, 11/15/21           3.52%
       10)U.S. Treasury Bonds 6.625%, 2/15/27                  3.27%
    
    
    
         Security Type Breakdown                            Portfolio %
         Governments - Treasuries:
            Treasuries                                        61.68%
         Corporates - Investment Grades:
            Industrial:
              Basic                                            1.13%
              Energy                                           0.60%
              Transportation - Airlines                        0.39%
              Capital Goods                                    0.23%
              Consumer Cyclical - Automotive                   0.23%
              Other Industrial                                 0.21%
              Communications - Media                           0.20%
              Communications - Telecommunications              0.14%
              Technology                                       0.08%
              Consumer Non-Cyclical                            0.06%
            SUBTOTAL                                           3.27%
            Financial Institutions:
              Banking                                          1.89%
              Finance                                          0.46%
              Insurance                                        0.37%
              REITS                                            0.06%
              Other Finance                                    0.02%
            SUBTOTAL                                           2.80%
            Non Corporate Sectors:
              Agencies - Not Government Guaranteed             1.50%
            SUBTOTAL                                           1.50%
            Utility:
              Electric                                         0.12%
            SUBTOTAL                                           0.12%
         SUBTOTAL                                              7.69%
         Corporates - Non-Investment Grades:
            Industrial:
              Basic                                            1.17%
              Capital Goods                                    0.73%
              Communications - Media                           0.59%
              Communications - Telecommunications              0.52%
              Consumer Cyclical - Other                        0.49%
              Energy                                           0.40%
              Consumer Non-Cyclical                            0.37%
              Consumer Cyclical - Retailers                    0.36%
              Consumer Cyclical - Automotive                   0.25%
              Services                                         0.23%
              Consumer Cyclical - Entertainment                0.10%
              Other Industrial                                 0.07%
              Transportation - Services                        0.06%
              Transportation - Airlines                        0.02%
              Technology                                       0.02%
            SUBTOTAL                                           5.38%
            Financial Institutions:
              Finance                                          0.44%
              Banking                                          0.38%
              Insurance                                        0.17%
              Other Finance                                    0.12%
              Brokerage                                        0.03%
            SUBTOTAL                                           1.14%
            Utility:
              Electric                                         0.42%
              Natural Gas                                      0.17%
            SUBTOTAL                                           0.59%
         SUBTOTAL                                              7.11%
         Mortgage Pass-Thru's:
            Agency Fixed Rate 30-Year                          3.17%
            Agency ARMS                                        2.76%
         SUBTOTAL                                              5.93%
         Commercial Mortgage-Backed Securities:
            Non-Agency Fixed Rate CMBS                         3.98%
         SUBTOTAL                                              3.98%
         Inflation-Linked Securities                           2.93%
         Agencies:
            Agency Debentures                                  2.26%
         Quasi-Sovereigns:
            Quasi-Sovereign Bonds                              2.10%
         Bank Loans:
            Industrial:
              Communications - Media                           0.23%
              Technology                                       0.20%
              Services                                         0.18%
              Consumer Non-Cyclical                            0.14%
              Consumer Cyclical - Other                        0.14%
              Basic                                            0.11%
              Consumer Cyclical - Retailers                    0.10%
              Energy                                           0.10%
              Communications - Telecommunications              0.07%
              Consumer Cyclical - Entertainment                0.06%
              Capital Goods                                    0.06%
              Transportation - Airlines                        0.03%
              Consumer Cyclical - Automotive                   0.01%
              Other Industrial                                 0.01%
            SUBTOTAL                                           1.44%
            Financial Institutions:
              Finance                                          0.18%
              Other Finance                                    0.03%
              Insurance                                        0.01%
            SUBTOTAL                                           0.22%
            Utility:
              Electric                                         0.12%
            SUBTOTAL                                           0.12%
         SUBTOTAL                                              1.78%
         Emerging Markets - Sovereigns                         1.06%
         Asset-Backed Securities:
            Credit Cards - Floating Rate                       0.69%
            Autos - Floating Rate                              0.23%
         SUBTOTAL                                              0.92%
         Emerging Markets - Treasuries                         0.83%
         Emerging Markets - Corporate Bonds:
            Industrial:
              Energy                                           0.11%
              Communications - Media                           0.09%
              Consumer Cyclical - Other                        0.03%
              Basic                                            0.01%
              Consumer Non-Cyclical                            0.01%
            SUBTOTAL                                           0.25%
            Financial Institutions:
              Banking                                          0.15%
              Other Finance                                    0.01%
            SUBTOTAL                                           0.16%
         SUBTOTAL                                              0.41%
         Governments - Sovereign Bonds                         0.32%
         Local Governments - Municipal Bonds                   0.14%
         CMOs:
            Non-Agency ARMS                                    0.09%
         SUBTOTAL                                              0.09%
         Preferred Stocks:
            Financial Institutions                             0.07%
         SUBTOTAL                                              0.07%
         Equities:
            Common Stock                                       0.02%
            Warrants                                           0.01%
         SUBTOTAL                                              0.03%
         Local Governments - Regional Bonds                    0.01%
         Short-Term Investments:
            Investment Companies                               0.66%
         Total                                               100.00%
    
    
                Country Breakdown                           Portfolio %
                                                          
                United States                                 87.05%
                Russia                                         3.90%
                Brazil                                         2.21%
                Colombia                                       1.01%
                Indonesia                                      0.78%
                Germany                                        0.72%
                Kazakhstan                                     0.54%
                United Kingdom                                 0.44%
                South Africa                                   0.35%
                Netherlands                                    0.33%
                Argentina                                      0.28%
                Canada                                         0.26%
                India                                          0.24%
                El Salvador                                    0.22%
                Hong Kong                                      0.21%
                Peru                                           0.19%
                Australia                                      0.18%
                Lithuania                                      0.17%
                Sweden                                         0.15%
                Croatia                                        0.15%
                Luxembourg                                     0.12%
                Ukraine                                        0.12%
                Turkey                                         0.11%
                Barbados                                       0.09%
                China                                          0.08%
                Belgium                                        0.04%
                France                                         0.04%
                Switzerland                                    0.02%
                Total                                        100.00%
    
    
                 Credit Quality Breakdown                   Portfolio %
                                                          
                    AAA                                       75.78%
                    AA                                         0.63%
                    A                                          2.22%
                    BBB                                       10.19%
                    BB                                         5.94%
                    B                                          3.22%
                    CCC                                        1.30%
                    CC                                         0.01%
                    C                                          0.02%
                    D                                          0.03%
                    A-1+                                       0.66%
                    Total Investments                        100.00%
    
    
         Portfolio Statistics:
              Percentage of Leverage:
                Bank Borrowing:               0.00%
                Investment Operations:        46.01%*
                Preferred Stock:              0.00%
                Tender Option Bonds:          0.00%
                Term Asset-Backed Loans
                   Facility (TALF):           .86%
              Total:                          46.87%, as of 05/31/2010
                        
              Avg. Maturity:                  9.18 Years
    
              Effective Duration:
                 Corporate                    5.46 yrs
                 Non Dollar Government        6.19 yrs
                 Emerging Market              5.76 yrs
                 US Treasury                  3.12 yrs
                 High Yield                   3.68 yrs
              Total Portfolio:                5.33 Years, as of 05/31/20
              Total Net Assets:               $2,071.2 Million
              Net Asset Value:                $8.53
              Number of Holdings:             347

* Investment Operations may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.

The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.

SOURCE AllianceBernstein Income Fund, Inc.